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Edmonton housing prices slip) g, k0 J' @, e3 V
Bill Mah, edmontonjournal.com
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EDMONTON - The average price of a single-family house in the Edmonton region dipped slightly in April, after three months of small increases, the Realtors Association of Edmonton said today.: Y; Q1 F3 G: ?9 N6 J
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Detached houses sold for an average of $386,033 last month, down 0.4 per cent from the previous month. Single family house prices are down 6.6 per cent - or $27,455 - from April 2007 when the housing market was still simmering.
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+ ^4 n; a9 ]$ m$ C( D$ E6 R"The Edmonton housing market is stable, and buyers and sellers seem to be coming to a realistic view of housing prices," said Marc Perras, president of the Realtors Association of Edmonton.4 v0 s7 U! S' u6 B* s/ S* W% S
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"While the typical sale is completed at 97 per cent of the asking price, many sellers have had to reduce their price to find the level that would attract a buyer."
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The average price of a condo in April - $256,947 - also dropped by 2.3 per cent from last month. ' }5 I i( c# _8 `+ ]$ }
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Duplexes and townhouses sold last month bucked the trend, selling for 2.3 per cent higher than last month, at average price of $316,065.( O* A' S/ I1 Q. n* K6 H1 F* c- }
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April sales of all types of homes through the Multiple Listing Service was 1,823 transactions - down about 25 per cent from the same month last year. But April sales were still higher than the more typical years of 2004 and 2005, the association said.; }$ T6 y3 _; t" W5 ]. @
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The days a residential listing stayed on the market in April was 52, more than double the same month last year when it was 22.
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bmah@thejournal.canwest.com8 ]! t; b' H& G
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© Edmonton Journal 2008 |
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